Breakout this week?

Ok so we all know how long and drawn out the down trend for ADO has been from the highs at 28c in March 2014

ADO has delivered on some things and under delivered more elsewhere

I have been quite open that I think some areas of the funding were extremely disappointing

Facts are Diasource is now owned by Anteo - Are profitable have revenues of $20m AUD predicted to grow to around $30m over the next 2-3 years at an EBITDA of around 20%

Diasource - From first quarter 2016 :

"Commercial Results DIAsource achieved its best quarter ever in this period with total sales €3.8m, an increase of 9% over the same period last year. The revenue was on target for the quarter and in line with expectations for 2016. Growth was achieved in sales of Vitamin D products (6%) and RIA products (18%). ELISA sales declined by 4%, and sales the lower margin contract manufacturing of ELISA kits and Antibodies increased by 6%."

At a current market cap of around $40m which reflects the investor sentiment being poor due to missed time frames and partnerships and perhaps less potential being applied to any future partnerships - For this to change Anteo needs to put runs on the board

This started most recently with the Atomo Diagnostic Partnership

"Anteo is pleased to announce that it will partner with Sydney-based Atomo Diagnostics to develop a clinical prototype of a cost effective and accurate point of care test for the diagnosis of heart attacks."

Add to that the core areas of Anteo's business :

Medical Devices - Awaiting further news on the partnership/ opportunities with Cook Medical - One of the largest global medical device companies with revenues in the billions

Lithium Batteries - Through patents lodged by Anteo Energy subsidiary of Anteo Diagnostics :

"Objective: The battery industry has a need to provide low cost, high capacity, fast charging batteries with long cycle lives for automotive, consumer and industrial applications.

Problem: New active high energy anode and cathode battery materials can deliver high capacity BUT are currently limited by their stability. Examples include swelling/shrinking problem of silicon, tin, germanium based anodes and sulphur based cathodes; and partial solubility of new cathode materials in electrolyte.

Solution: Active anode and cathode battery materials coated with Anteo nano-coatings to deliver higher mass loading providing much higher capacities, improved particle dispersion enabling faster charging, and a protective flexible coating with strong adhesion enabling improved battery cycle life. The extent and quality of work undertaken at Anteo is building an ever increasing data set addressing different parameters of batteries including capacity; charge/discharge efficiency and rate; cycling stability, anode composition characteristics, integrity and connection.

The data generated from this work demonstrates the desired objectives are commercially achievable. Using benchmark Panasonic 18650 batteries as a reference point the Anteo approach can both improve energy levels of batteries and the life expectancy of a battery. The significant improvements seen in anode performance at Anteo when incorporated into a whole battery result in overall performance improvements that are then constrained by other battery elements, such as cathode performance. Utilising Anteo nano-coating on the anode alone delivers approximately a 30% increase. A simple analogy using an electric car demonstrates the potential benefits. The range of current electric cars is typically around 430km, incorporating Anteo anode improvements may potentially extend the range to 550km. If Anteo cathode improvements are then incorporated the range may be extended beyond 700km"


We have begun to move from a period of under delivery, poor investor sentiment to a period of under promise and over deliver IMO

Chart below broken down trend - Just needs a little volume this week and could get moving nicely

Hard for investors to put the past behind them when viewing current position - But at 4c sp I can see healthy gains to be made from here All IMO